|[January 09, 2006]
DCM -- Doll Capital Management Appoints Hurst Lin as General Partner and Expands Beijing Office
BEIJING --(Business Wire)-- Jan. 9, 2006 -- DCM -- Doll Capital Management announced today that Mr. Hurst Lin, co-founder and chief operating officer of SINA Corporation (Nasdaq: SINA), will join the top-performing, early stage venture capital firm as a general partner. Beginning in April, Mr. Lin will co-lead DCM's China practice at the firm's newly expanded offices in Beijing.
"As a co-founder and chief operating officer of China's largest portal and with a strong track record of successfully acquiring IT start-ups here, Hurst will play a major role in helping us identify and secure even more investment opportunities in Asia," said David Chao, co-founder and managing general partner of Menlo Park, Calif.-based DCM. "With Hurst's leadership and an even stronger physical presence here, we look forward to supporting the next wave of Chinese entrepreneurs who can build world-class companies."
DCM has taken a strategic, long-term approach to investments in China. Three of the firm's China-based portfolio companies, 51job (Nasdaq: JOBS), SMIC (NYSE: SMI) and Vimicro (Nasdaq: VIMC), have already completed successful initial public offerings in the United States. Vimicro and two more of DCM's China-based portfolio companies -- Apexone Microelectronics and CIAC/ChinaInterActive-Mop.com -- were named to Red Herring magazine's Top 100 Private Companies in Asia in September 2005.
In other recent developments in the region, DCM formed a strategic partnership with Beijing-based Legend Capital and DCM was named the Most Influential International Venture Capital Firm at the first annual Asia Pacific Venture Capitalist Summit and Award Ceremony.
"I look forward to joining DCM, one of the very few venture capital firms with an impressive record of success here in China and in other parts of Asia," said Mr. Lin. "My role will be to further expand investment opportunities for DCM in China, a country that is rich in talent and in emerging technologies with global potential."
About Hurst Lin
Mr. Lin is a co-founder of SinaNet, one of SINA's two predecessor companies. In 2003, he was appointed chief operating officer of SINA, overseeing global business development, and mergers and acquisitions. Mr. Lin also serves on the company's board of directors. He has been heavily involved in the company's major corporate transactions and pre-IPO funding. Prior to joining SINA, Mr. Lin served as a consultant with Ernst & Young Management Consulting Group, focusing on marketing and operations in telecommunications and technology companies. He also held marketing, engineering and management positions at Octel Communication Inc. and NYNEX.
Mr. Lin received his MBA from Stanford University and holds a bachelor's degree in electronic engineering from Dartmouth College.
About DCM -- Doll Capital Management
DCM is a top-performing venture capital firm supporting entrepreneurs building early stage technology companies. DCM partners manage over US$1 billion and have funded leading technology companies including 2Wire, 51job (Nasdaq: JOBS), About.com (The New York Times Co.), All About (JASDAQ: 2454), @Motion (Openwave), CIAC - MOP.com, Fortinet, Foundry Networks (Nasdaq: FDRY), HireRight, Internap (AMEX: IIP), IPivot (Intel), JCI (Nasdaq Japan -- Hercules: 9424), Kabu.com (TSE:8703), nQuire (Siebel), PGP Corporation, Recourse Technologies (Symantec), Sigmatel (Nasdaq: SGTL), SMIC (NYSE: SMI), and UUNet (MCI). DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, please visit DCM's website at www.dcmvc.com.
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